Quarterly Financial Results for Quarter ended June 30, 2026

No. GMDC/CS/ BSE/NSE/023/2026 Dt. 31/07/2026 To, To, National Stock Exchange of India, Bombay Stock Exchange Ltd. Exchange Plaza, 25th Floor, P.J. Towers Bandra Kurla Complex Dalal Street Bandra (East) , Mumbai – 400 051 Fort, Mumbai-400 001 Code : GMDCLTD Code : 532181 Subject: Outcome of Board Meeting held on 31 July, 2026 for approval of Unaudited Financial Results (Standalone and Consolidated) for the Quarter Ended June 30, 2026 Dear Sir/Madam, (1) Financial Results Pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we wish to inform you that the Board of Directors of Gujarat Mineral Development Corporation Limited at its meeting held today, 31 July, 2026, has, inter alia, considered and approved the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended June 30, 2026. In this regard, please find enclosed the following: 1. Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2026; 2. Limited Review Report on the Standalone and consolidated Financial Results issued by the Statutory Auditors of the Company; and (2) Memorandum of Understanding (MoU) with Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) The Board of Directors of the Company at its Meeting held today, i.e. July 31, 2026, has, inter alia, approved the proposal for execution of Memorandum of Understanding (MoU) with Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) to jointly evaluate opportunities across the coal-to-chemicals value chain using gasification technologies, including Underground Coal Gasification (UCG). We will submit further details in due course on execution of MOU. Gujarat Mineral Development Corporation Limited (A Government of Gujarat Enterprise) CIN : L14100GJ1963SGC001206 “Khanij Bhavan”, 132 Ft. Ring Road, Near University Ground, Vastrapur, Ahmedabad-52 Phone : 27913200/3501 Email: cs.co@gmdcltd.com Website: www.gmdcltd.com (3) Memorandum of Understanding (MoU) with M/s IREL(India) Limited The Board of Directors of the Company at its Meeting held today, i.e. July 31, 2026, has, inter alia, approved the proposal for execution of Memorandum of Understanding (MoU) with M/s IREL(India) Limited to explore collaboration opportunities in the Rare Earth Elements (REE) sector. We will submit further details in due course on execution of MOU. The meeting of the Board of Directors commenced at 11.00 AM and concluded at 1.10 PM. The results are also being made available on the Company's website at www.gmdcltd.com. Kindly take the above information on record. Yours faithfully, For Gujarat Mineral Development Corporation Limited Joel Evans Company Secretary Encl. As above Gujarat Mineral Development Corporation Limited (A Government of Gujarat Enterprise) CIN : L14100GJ1963SGC001206 “Khanij Bhavan”, 132 Ft. Ring Road, Near University Ground, Vastrapur, Ahmedabad-52 Phone : 27913200/3501 Email: cs.co@gmdcltd.com Website: www.gmdcltd.com GUJ DEVE LOPMENT CO — Hal (See Regulation 47 of the SEBI (LODR) Regulations, 2015) UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE, 2026 (8 in Crore)| STANDALONE od StNo Particulars Quarter Encad i 30/06/2026 31/03/2026 30/06/2025 31/03/2026 (Unaudited) (Audited) (Unaudited) (Audited_)| 1 Total Income from Operations (net) 906.64 814.05 732.60 2,653.38 | 2 Net Profit for the period (before Tax and Exceptional items) a 227.25 231.72 224.69 779.23 3 Net Profit for the period before tax (after Exceptional items) 227.25 261.74 224.69 1,301.88 | Net Profit for the period after tax (after Exceptional items) 163.01 221,18 164.13 990.81 | 5 Total Comprehensive Income for the period [Com prising Pro fit _ for the period after tax and Other Comprehensive Income (after tax)] 156.53 239.94 187.79 986.52 Equity Share Capital 63.60 63.60 63.60 63.60| 7 Reserves (excluding Revaluation Reserve as shown in t he Balance Sheet) 7,004.97 8 Earning Per Share (of % 2/- each) (for continuing an d _ discontinued operations) (not annualised forthe Quarter) 1. Basic: (3) 5.13 6.96 5.16 31.16| 2. Diluted (%) 5.13 6.96 5.16 31.16 (Rin Crore) CONSOLIDATED SrNo Particulars Quarter Ended 30/06/2026 | 31/03/2026 | 30/06/2025 | 31/03/2026 (Unaudited) (Audited ) (Unaudited) (Audited) 1 Total Income from Operations (net) 906.64 814.05 732.60 2,653.38 2 Net Profit for the period (before Tax and Exceptional items ) 227.25 204.96 224.43 745.80 3 Net Profit for the period before tax (after Exceptional items) 227.25 234.98 224,43 1,268.45 4 Net Profit for the period after tax (after Exceptional ite ms) 163.43 194.09 163.77 956.67 5 Total Comprehensive Income for the period [Comprisin g Profit — for the period aftertax and Other Comprehensive Income (after tax)] ; 156.95 212.85 187.43 952.38 Equity Share Capital 63.60 63.60 63.60 63.60 7 Reserves (excluding Revaluation Reserve as shown in t he Balance Sheet) ; 7,009.14 8 Earning Per Share (of % 2/- each) (for continuing an d discontinued operations) (not annualised for the Quarter) 1. Basic: (2) 2.14 6.10 5.15 30.08 2. Diluted (3) 5.14 6.10 5.15 30.08 Note: The above is an extract of the detailed format of Financial Results for the quarter ended on 30th June 2026 filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015 and SEBI Circular No. CIR/CFD/FAC/62/2016 dated Sth July 2016. The full format of the Financial Results for the quarter ended on 30th June 2026 along with Explanatory Notes is available on the Stock Exchange websites (www.nseindia.com and www. bseindia.com). and on behalf of the B of Directors, Place: Ahmedabad Roopwant Singh, IAS Date: July 31, 2026 Managing Director GUJARAT MINERAL DEVELOPME NT CORPORATION LIMITED. t t UNAUDITED STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED ON JUNE 30, 2026 Lit ("In Crore) STANDALONE Particulars Quarter Ended Year Ended | 30/06/2026 31/03/2026 30/06/2025 31/03/2026 (Unaudited) (Audited) (Unaudited) (Audited)| INCOME — Revenue from Operations 906.64 814.05 732.60 2,653. 38 Other Income 76.15 155.41 77.29 423.88 Total Income (A) 982.79 969.46 809.89 3,077.26| E XPENSES | Changes in inventories 5.78 (2.55) (0.19) (5.58) Royalties and other tax levies 86.70 79.44 59.53 237.86 GST Compensatory Cess Exp - - 79,03 130.75 Employee Benefit Expenses 42.27 36,34 36.57 190.49 Finance Costs 6.61 5.37 0.50 7.14 Depreciation and Amortisation Expenses 33.33 48.76 22.00 114.71 Loading of lignite and overburden removal expenses 436.78 387.91 290.90 1,091.91 Other Expenses 144.07 182.47 96.86 530.75 Total Expenses (B) 755.54 737.74 585.20 2,298.03| Profit Before Exceptional items and tax 227.25 231.72 224.69 779.23 Exceptional Items - (Expense)/ Income - 30.02 - 522.65 Profit Before Tax 227.25 261.74 224.69 1,301.88 Tax Expenses Current Tax 64.75 37.87 64.20 320.74 Deferred Tax (0.58) 49,71 (3.64) 40.05 Short/ (excess) provision of earlier years 0.07 (47.02) - (49.72) Profit for the Period / Year 163.01 221.18 164.13 990.81 Other Comprehensive Income Items that will not be reclassified to profit or loss Changes in fair value of equity instruments measured at fair value through other comprehensive income ( FVTOCI) 12.75 13.41 22.82 (13.14) Remeasurement of post - employment benefit obligations 2.56 5.50 (1.01) 10.84 Income tax relating to these items (21.79) (0.15) 1.85 (1.99) Other Comprehensive Income for the Period, net of tax (6.48) 18.76 23.66 (4.29) Total Comprehensive Income for the Period (Comprising profit and other Comprehensive Income for the period) 156.53 239.94 187.79 986.52 Paid up equity share capital 63.60 63.60 63.60 63.60 Reserves 7,004.97 Earning per Equity Share (EPS) (Face Value of€ 2/- each) Basic (%) 5.13 6.96 5.16 31.16 Diluted (%) 2.13 6.96 5.16 31.16 GUJARAT MINERAL DEVELOPME NT CORPORATION LIMITED. UNAUDITED STANDALONE SEGMENT INFORMATION FOR THE QUAR [Showing first 8,000 characters — download PDF for full document]